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West End Foreclosures

Would you like to buy a West End foreclosure? Whether you're a home buyer or an investor, you can save a bundle by purchasing a foreclosed home in this popular Boston neighborhood. Get the scoop quickly by signing up for free access to Boston City Properties' vast database of Boston real estate listings. It includes up-to-the-second listings for foreclosures in the West End, allowing you to identify viable options quickly and easily.

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Tips for Buying Foreclosures in the West End

Buying a foreclosed property can be confusing. It pays to do plenty of research beforehand. One of the best things you can do is to team up with Boston City Properties. From the start, you'll have access to timely, accurate information.

A few additional points to keep in mind when buying foreclosures in the West End include:

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Overview

With the Charles River on the west, New Sudbury Street on the east, Cambridge Street to the south, and North Washington Street to the north, this neighborhood of Boston is full of a number of charming single family residences from the 19th century and numerous newer residential complexes, many of which were built in the 1960s, and a few of which have been built within the last decade. The average purchase price for a bank owned home or a short sale ranges between $250 and $500 per square foot.

Bank Owned Properties

The waves of development that occurred in this neighborhood make most of the remaining single family homes relatively old, although in most cases they have been excellently maintained and refurbished since the date of their original construction. Different architectural styles can be found throughout the neighborhood, from Victorian houses to a Colonial style to neoclassical. Many of the homes span two stories or more, and most have a basement or attic. The Colonial style homes tend to retain the flourishes of their original facade, with elaborate ornamentation around the window frames and peaked rooflines. The lots surrounding these structures tend to be large enough to comfortably accommodate a tree and small garden. In many cases, a paved pathway leading to a garage or an outbuilding is included on the property.

The units that come to market via the bank that were built in the 1960s are a startling contrast to the older homes. These complexes tend to be at least 10 stories in height, and usually have a porte cochere or central entrance way that leads into a large central lobby. The central lobby spaces typically have an atrium or a significant light well. In some instances, the apartments are grouped around a central enclosed courtyard. The ground floor tends to be partitioned into shared common areas, from a bank of vending machines to laundry facilities to a lounge or exercise room.

The actual residences themselves tend to be located along a bank of windows that looks out onto the street or harbor below, depending on the side of the building on which the unit is positioned. The interiors usually have carpeted floors and tile in the bathrooms. The elevator core is traditionally located in the center of the structure with the other units radiating out from it. Some of these dwellings have balconies that are set flush with the kitchen, so that the balcony does not extrude from the building but rather appears to be a negative space within the larger block of the structure. The kitchen and dining area, meanwhile, shares a corner with the balcony, providing excellent views of the people on the balcony and the larger panorama outside.

Short Sales

Although newer units do not come to market via short sale very frequently, occasionally one does filter into the queue. These units tend to be luxuriously outfitted, with a host of the latest and best amenities in terms of appliances, storage spaces, and finishes. The interiors are bright and airy thanks to enormous, nearly floor to ceiling windows. The kitchen is often designed to flow seamlessly into the dining and living spaces. In some units, the kitchen has a galley style layout with an island that leads into a built-in cabinet. This creates an inadvertent breakfast nook, and also provides ample amounts of counter space for food preparation.

The bedrooms in these units are typically not enormous, but nor are they compact, either. Instead, they provide enough room to comfortably house a large bed as well as a few items of furniture, such as a large dresser and end tables. The bathrooms, on the other hand, tend to be quite spacious, with ample amounts of room for a high-ceilinged shower and accompanying vanity mirror. The lighting fixtures tend to be stylish and bold, although in many units recessed lighting provides the bulk of illumination. In many dwellings, especially those that have multiple bedrooms, a contemporary fireplace is installed which is encased in stone and occasionally brick. The fireplace is activated by a gas switch, and is sealed by a plate of glass.

These newer developments are traditionally either near or on the waterfront, and provide exceptional views of the Harbor. They also have a number of luxurious shared amenities. In some of the newest developments, the first few floors are given over to a mixture of retail and restaurants, creating a built-in place to dine and relax. Most of these developments also have an impressive common outdoor space, which is often located on or near the roof, and has a number of tables, trellises, and landscaped plants. Depending on the building, this space can occasionally be privately rented for one particular resident. If that fails to suit, these units are invariably within walking distance of other entertainment and dining options.

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